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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (4440)	8/13/2002 2:18:16 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I NEVER CHANGED MY BULLISH LONGTERM GOLD OUTLOOK / JW

To: t2 who wrote (4440)	8/13/2002 2:48:58 PM
From: Jim Willie CB	Respond to of 89467

Treasurys firm after Fed holds steady 10-year note yield in 1970s territory By Rachel Koning, CBS.MarketWatch.com Last Update: 2:21 PM ET Aug. 13, 2002 NEW YORK (CBS.MW) - Treasurys remained higher Tuesday after the Federal Reserve gave financial markets no surprises with steady rates and a shift to a weakness "bias." A benchmark 10-year note rose 10/32 at 101 20/32 to yield ($TNX: news, chart, profile) 4.17 percent, down 4 basis points. At last check, a 30-year bond was up 10/32 at 104 30/32 to yield ($TYX: news, chart, profile) 5.05 percent, down 2 basis points from Monday. A 2-year note was steady at 100 12/32 to yield 2.05 percent, down 2 basis points from the previous session. A 5-year note added 4/32 at 100 7/32 to yield 3.20 percent, down 3 basis points. The Federal Reserve kept interest rates unchanged Tuesday while acknowledging that the economy is softer than it would like. Economic weakness is now the greatest risk to the economy, the Federal Open Market Committee said in a statement following its meeting. Inflation is not a major worry, the FOMC said. The central bank's policymaking committee kept its target for the federal funds rate at 1.75 percent, a four-decade low. Rachel Koning is a reporter for CBS.MarketWatch.com in Washington.